NYSE Seat Sells for $1 Million

Updated Jan. 10, 2005 7:49 p.m. ET

NEW YORK -- A regular seat on the New York Stock Exchange sold for $1 million Monday, unchanged from Thursday's sale, which set a nine-year low for a seat price. In a press release Monday, the New York Stock Exchange said the market now shows a bid of $975,000 and an offer of $1.15 million for a seat. The 1,366 seats on the exchange give owners the right to buy and sell stocks at the exchange.